Bitfarms Ltd. Income Tax Provision

Income Tax Provision of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including Income Tax Provision growth rates and interactive chart. The actual income tax expense for the applicable year.


Highlights and Quick Summary

  • Income Tax Provision for the quarter ending June 29, 2021 was $604 Thousand (a -9.85% decrease compared to previous quarter)
  • Year-over-year quarterly Income Tax Provision decreased by -15200.0%
  • Annual Income Tax Provision for 2020 was $172 Thousand (a -106.64% decrease from previous year)
  • Annual Income Tax Provision for 2019 was $-2.59 Million (a -4491.53% decrease from previous year)
  • Twelve month Income Tax Provision ending June 29, 2021 was $1.55 Million (a 84.56% increase compared to previous quarter)
  • Twelve month trailing Income Tax Provision decreased by -157.49% year-over-year
Trailing Income Tax Provision for the last four month:
29 Jun '21 30 Mar '21 30 Dec '20 29 Jun '20
$1.55 Million $842 Thousand $-2.4 Million $-2.7 Million
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Historical Income Tax Provision of Bitfarms Ltd.

Most recent Income Tax Provisionof BITF including historical data for past 10 years.

Interactive Chart of Income Tax Provision of Bitfarms Ltd.

Bitfarms Ltd. Income Tax Provision for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $0.6 $0.67
2020 $0.28 $-0.0 $-0.11 $0.17
2019 $-2.57 $-0.02 $-2.59
2018 $0.06

Business Profile of Bitfarms Ltd.

Sector: Financial Services
Industry: Capital Markets
Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.